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Hundreds of thousands of homeowners could face bills of £40,000 each on average to replace dangerous cladding, similar to that found on Grenfell Tower (file photo) Property values could be slashed by up to 30 per cent under plans to make leaseholders take out loans to pay for the building safety scandal. Hundreds of thousands of homeowners could face bills of £40,000 each on average to replace dangerous cladding, similar to that found on Grenfell Tower. Ministers have set aside £1.6 billion to fund repairs, but MPs estimate the work could cost £15 billion. It cannot begin in earnest until comprehensive funding is released. The Mail is campaigning for all buildings to be fixed within 18 months and for leaseholders to be spared the financial burden. ....